Funding you earn now, next payment 02:00 UTC−0.0185%/8h= −20.2% APRpaid last 24h −0.029%
Price spread now: Phoenix against Bitget−0.145%119s7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+1.715%+$171 · spread now −0.145%, 7d avg +0.095%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Phoenix is 0.240% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.095%). Swap the legs. The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget LITUSDT | 4.6910 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $6.7M | $2.6M | 20x |
| Short | Phoenix LIT | 4.6842 | −0.0085 | pay 0.0011% / 1h | 35m 37s | $201K | $341K | 5x |
Bitget LITUSDT
Phoenix LITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.82
- Price spread: −0.145% → +0.095%
- −$24.03
- Slippage, 4 orders
- −$63.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$145.27
- Costs to cover
- 0.824%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Phoenix: live order book, 26 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 3 min ago | 1.07 bp | 21.5 bp −$21 | 101.6 bp −$1,016 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 26 min ago | 1.91 bp | 16.1 bp −$16 | 50.2 bp −$502 | doesn't fit | doesn't fit |
LIT on 42 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LIT_USDC | −0.0388% | 4h | 4.6815 | −0.203% | $32K | $1K | 10x | as long as short |
| Bullet LIT-USD | −0.0283% | 1h | 4.6850 | −0.129% | $84K | $68K | 20x | as long as short |
| 01 Exchange LITUSD | −0.0272% | 1h | 4.6877 | −0.070% | $33K | $4K | 5x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0142% | 1h | 4.6864 | −0.099% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0126% | 4h | 4.6870 | −0.085% | $2.7M | $4.2M | 50x | as long as short |
| Phoenix LITshort | −0.0085% | 1h | 4.6842 | −0.145% | $201K | $341K | 5x | |
| Coinbase International LIT-PERP-INTX | −0.0024% | 1h | 4.6865 | −0.095% | $658K | $372K | 50x | as long as short |
| OKX LIT-USDT-SWAP | −0.0004% | 4h | 4.6912 | +0.004% | $25.3M | $61.6M | 50x | as long as short |
| ApeX Omni LITUSDT | +0.0002% | 1h | 4.6780 | −0.277% | $56K | $76K | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6887 | −0.048% | $11K | — | 150x | as long as short |
Orderly PERP_LIT_USDC
Bullet LIT-USD
01 Exchange LITUSD
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
OKX LIT-USDT-SWAP
ApeX Omni LITUSDT
gTrade (Gains Network) LIT/USDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LITUSDTM | +0.0006% | 4h | 4.6851 | −0.126% | $5.2M | $1.1M | 30x | as long as short |
| dYdX LIT-USD | +0.0010% | 1h | 4.6881 | −0.062% | $34K | — | 5x | as long as short |
| Phemex LITUSDT | +0.0019% | 4h | 4.6850 | −0.128% | $1.4M | $2.8M | 20x | as long as short |
| GRVT LIT_USDT_Perp | +0.0026% | 4h | 4.6810 | −0.213% | $908K | $1.7M | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.409% | $422 | $178K | 5.5x | as long as short |
| Paradex LIT-USD-PERP | +0.0069% | 8h | 4.6845 | −0.139% | $7K | $2K | 5x | as long as short |
| Backpack LIT_USDC_PERP | +0.0078% | 1h | 4.6925 | +0.032% | $685K | $1.4M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6898 | −0.026% | $58.5M | $28.6M | 5x | as long as short |
| RISEx LIT/USDC | +0.0099% | 1h | 4.6894 | −0.033% | $782K | $2.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.6885 | −0.053% | $2.2M | $1.7M | 10x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.6910 | 0.000% | $209.5M | $41.0M | 5x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.6857 | −0.113% | $581K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6850 | −0.128% | $74.5M | $78.5M | 75x | as long as short |
| Bybit LITUSDT | +0.0100% | 4h | 4.6865 | −0.096% | $41.5M | $28.5M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6871 | −0.083% | $117K | $448K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6831 | −0.168% | $117K | $2K | 10x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6857 | −0.113% | $5.5M | $3.9M | 100x | as long as short |
| Bitget LITUSDTlong | +0.0100% | 4h | 4.6910 | long leg | $6.7M | $2.6M | 20x | |
| edgeX LITUSDC | +0.0100% | 4h | 4.6771 | −0.296% | $285K | $305K | 10x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.6926 | +0.034% | $444K | $104K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6892 | −0.038% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6792 | −0.252% | $5K | $1.1M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6875 | −0.075% | $1K | $416K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6935 | +0.053% | $194K | $379K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.6842 | −0.145% | $5.2M | $5.0M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6847 | −0.133% | $146K | — | 3x | as long as short |
| Lighter RH LIT | +0.0144% | 1h | 4.6914 | +0.009% | $3.7M | $13.1M | 5x | as long as short |
| Aster LITUSDT | +0.0188% | 4h | 4.6928 | +0.038% | $12.6M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0249% | 1h | 4.6808 | −0.218% | $9K | $207K | 10x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6801 | −0.232% | $1.6M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0411% / S −0.0208% | 1h | 4.6890 | −0.043% | $63K | — | 50x | as long as short |
| Perpl LIT | +0.0447% | 43m | 4.6882 | −0.060% | $31K | $827K | 33x | as long as short |
KuCoin LITUSDTM
dYdX LIT-USD
Phemex LITUSDT
GRVT LIT_USDT_Perp
Injective LIT/USDC PERP
Paradex LIT-USD-PERP
Backpack LIT_USDC_PERP
Lighter LIT
RISEx LIT/USDC
Nado LIT-PERP
Hyperliquid LIT
Pacifica LIT
Binance LITUSDT
Bybit LITUSDT
Arcus LIT-USD
Bulk LIT-USD
MEXC LIT_USDT
edgeX LITUSDC
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Lighter RH LIT
Aster LITUSDT
Aftermath Perps LITUSD
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]
Perpl LIT